The executive program comes to activate the strategic partnership emanating from the memorandum of understanding that was signed last November, according to the Saudi Press Agency.
The program aims to exploit the geographical location of the two countries, promote investment in the submarine and terrestrial cables that pass through them, and create a common work environment to enhance cooperation in the field of infrastructure for communications and information technology services. And in the field of high-speed digital interconnection for data exchange.
The executive program also aims to develop options for implementing regional digital connectivity through investment entities and licensed companies, and to expand investment in global data centers and cloud services that target regional presence to maximize the benefit of the region.
Last December, Saudi Arabia and Oman signed memorandums of understanding worth $30 billion in several economic sectors, on the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Muscat at the start of a Gulf tour.
The Saudi Press Agency stated at the time that “a group of Saudi companies and a number of companies owned by the Omani Investment Authority and the private sector signed 13 memorandums of understanding with an investment value of $30 billion.”
The memorandums between the two Gulf countries include enhancing cooperation in the fields of energy, renewable energy, tourism, information technology, financial technology and other sectors.
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